Sustainability of post conflict recovery strategies: impact to azerbaijani economy

Abstract

The main goal of economic rehabilitation of war-torn territories is to set their economy on the path of sustainable development. Karabakh region of Azerbaijan had been heavily affected by military conflict in the past decades and the post-conflict economic recovery potential necessitates innovative strategies for the sustainable development of the region. The primary purpose of the research is to show that the region has a potential to not only fully recover but become the growth center in the economic development of the country. The positive experience, and innovative technologies of the countries with similar background has been studied and used for empirical analysis. The paper further argues that the execution speed and order (phases) of programs for restoration of economic infrastructure (roads, amelioration-irrigation system, electricity, gas, water, sewerage, etc.), the return of the IDPs by ensuring the improved quality of life, and improvement and development of social infrastructure (education, health, etc.) is essential in successful implementation. "Smart villages" and “agro-parks” are examples of new approaches that can contribute to sustainable development of region as well as ensure food security and modernization of agriculture and agro-industrial complex. They will provide employment to the rural population and help to increase the income and improve the social situation in the region. The authors conclude that along with state funded programs and domestic investment, the involvement of foreign donors will play a significant role in securing the sustainable development and peace in the region.